Tag: Mortgage

Posted on 09/12/2021
Freelancers Need to be Prepared When Applying for Home Financing
Photo by 200 Degrees via Pixabay The gig economy has exploded over the past decade. Today, around 36% of the US workforce is freelancing and many more or self-employed small business owners. While being your own boss does afford you great freedom to set your hours and often work where you want, you may face extra scrutiny when...
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Posted on 12/27/2020
Understanding Your Mortgage: Prepayment Penalties
Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...
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Posted on 01/19/2020
Easy Steps Credit Steps for Preapproval
Photo by Pixabay via Pexels Thinking of buying a home in the near future? You're going to need a preapproval. This tells real estate agents that you're serious about the home-buying process, and it alerts sellers that you're a solid, low-risk candidate. Preapprovals aren't always easy to score, however. And if you're someone who's had a few credit...
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Posted on 11/24/2019
What Is Mortgage Employment Verification and How Does It Work?
Applying for a mortgage is a big step towards homeownership and financial independence. If it’s your first time buying a home, you might be curious (and a little intimidated) about all of the things that go into your mortgage application. When reviewing your application, mortgage lenders are trying to determine how risky it is to lend you money. If...
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Posted on 07/28/2019
Reasons Your Mortgage Application Can Get Rejected
A wise man once said to hope for the best, but plan for the worst. When you’re contemplating buying a house, even before beginning the actual application itself, it’s helpful to consider what could possibly lead to its rejection. This is especially important if you’ll be applying for your home loan at a traditional bank. These are particularly...
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Posted on 06/09/2019
5 Ways To Get Rid of Bad Credit History
Bad credit history can get in the way of getting approved for a loan. It may seem like a stretch to try and get lousy credit away from your credit score, but it is possible. The 5 ways to get rid of bad credit 1. You should take note of the delinquency date. Credit bureaus often update on...
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